Prince Estate’s $31 Million Distribution Deal Is Rescinded
For Universal, the value of the deal hinged on when the company would gain rights to release many of Prince’s classic
earlier albums — like “1999,” issued in 1982 — in the United States after existing deals with Warner Bros. expired.
By BEN SISARIOJULY 13, 2017
Five months ago, the estate of Prince announced a major deal with the Universal Music Group
for distribution rights for a substantial portion of the music star’s vast catalog.
“We look forward to continuing to work closely together on Prince’s music publishing and merchandise to ensure
that we deliver the very best experiences to Prince’s fans around the world.”
Once the deal is formally canceled, the estate will have to refund Universal’s money, which was paid in full as a distribution advance.
